The Management Board of Budimex SA announces that on February 13, 2018, it was informed by the General Directorate for National Roads and Highways - Branch in Olsztyn about the choice of the Company's offer as the most advantageous in the contract award procedure for "Design and construction of the S61 Szczuczyn - Budzisko expressway (Greek state) with division into tasks: Task No. 3: section: Wysokie node - Raczki '. br> Value of the contract: PLN 393,729.848 net br> Date of commencement of works: day of contract with the contractor br> Deadline for completion of works: 29 months from the date of the contract br> The warranty period is diversified for individual elements works and ranges from 5 to 10 years br> Period of warranty for defects: 60 months br> Advance payment: from 5% to 10% of the Accepted Contract Amount br> Terms of payment: up to 30 days from delivery to the Orderer VAT invoices issued for the amounts certified in the Payment Certificates br> Bank guarantee of good performance: 10% of the offer price br> Total amount of contractual penalties due to the Ordering Party will not exceed 20% of the Accepted Contract Gross Amount br> Penalties paid by the Employer : 15% of the Accepted Contract Amount due to withdrawal from the contract due to reasons attributable to the Ordering Party br> The Purchaser is entitled to supplementary compensation that transfers the amount of contractual penalties to the amount of damage actually suffered. br> Each of the penalties is independent of each other and the Employer has the right to claim each of them independently of the others. br> The value of the offer exceeds the threshold of 111 446 thousand. net PLN. Br>
Source: company website, investor relations, current and periodic reports.